Civeo (NYSE:CVEO) Announces Quarterly Earnings Results

Civeo (NYSE:CVEO) announced its quarterly earnings results on Tuesday. The business services provider reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.15), reports. Civeo had a negative return on equity of 12.10% and a negative net margin of 4.57%.The firm had revenue of $161.62 million for the quarter, compared to the consensus estimate of $170.17 million.

Here are the key takeaways from Civeo’s conference call:

• Share buybacks progressing: Civeo repurchased ~2.3M shares (~$54M) in 2025, added ~500k shares YTD to reach ~95% of its authorization, and announced a follow-on 10% repurchase authorization, signaling continued return of capital and a smaller share count.
• Australia drove performance: Record 2025 Australian revenues of AUD 460M and Q4 revenue/EBITDA growth (+9% YoY) were led by integrated services expansion and the May 2025 Bowen Basin acquisition, with integrated services targeting AUD 500M by 2027.
• Canada delivered meaningful margin recovery—Q4 adjusted EBITDA rose to CAD 3.4M from -CAD 5.4M a year ago due to structural cost actions—but full-year Canadian revenue fell and oil sands activity remains subdued.
• 2026 outlook and positioning: Management guided to $650–700M revenue, $85–90M adjusted EBITDA and $25–30M CapEx, with net leverage around 1.9x, describing 2026 as a year to solidify the cost base and position for potential infrastructure and data center demand beyond 2026.

Civeo Stock Up 8.0%

Shares of NYSE:CVEO traded up $2.17 during midday trading on Wednesday, hitting $29.20. The stock had a trading volume of 51,800 shares, compared to its average volume of 57,250. The company has a market cap of $336.38 million, a P/E ratio of -13.84 and a beta of 0.57. The business’s 50-day simple moving average is $25.78 and its 200-day simple moving average is $23.62. Civeo has a 12 month low of $18.01 and a 12 month high of $29.33. The company has a quick ratio of 1.57, a current ratio of 1.64 and a debt-to-equity ratio of 1.03.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised their price target on Civeo from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Civeo in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Civeo from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.00.

Insiders Place Their Bets

In other Civeo news, major shareholder Engine Capital Management, Lp sold 417,015 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $28.80, for a total value of $12,010,032.00. Following the sale, the insider owned 66,119 shares in the company, valued at $1,904,227.20. This represents a 86.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CVEO. Dimensional Fund Advisors LP increased its holdings in shares of Civeo by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 628,158 shares of the business services provider’s stock worth $14,366,000 after purchasing an additional 9,784 shares during the period. Punch & Associates Investment Management Inc. boosted its position in Civeo by 0.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 275,585 shares of the business services provider’s stock valued at $6,338,000 after buying an additional 2,115 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Civeo by 38.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,057 shares of the business services provider’s stock valued at $4,324,000 after acquiring an additional 52,660 shares in the last quarter. Boston Partners grew its holdings in shares of Civeo by 12.4% during the fourth quarter. Boston Partners now owns 161,911 shares of the business services provider’s stock worth $3,703,000 after purchasing an additional 17,871 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Civeo by 217.7% in the third quarter. Millennium Management LLC now owns 128,810 shares of the business services provider’s stock valued at $2,963,000 after buying an additional 88,267 shares during the period. Institutional investors own 81.44% of the company’s stock.

Trending Headlines about Civeo

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on CVEO from $33 to $37 and initiated/maintained a “buy” stance, implying roughly ~38% upside from the recent price; this upgrade could support a recovery if fundamentals or guidance improve. Benzinga
• Positive Sentiment: Technical note: shares recently moved above the 50‑day moving average, which some traders view as a bullish signal that could attract momentum buyers. AmericanBankingNews
• Neutral Sentiment: Civeo published its formal Q4 and full‑year 2025 results and commentary; management highlighted record annual revenues in its Australian segment but described a challenging macro backdrop — useful for context but mixed in directional impact. BusinessWire
• Negative Sentiment: Q4 EPS missed consensus: reported loss of $0.56 vs. estimate of a $0.41 loss; revenue came in at $161.62M vs. $170.17M expected. The shortfall (EPS and revenue) is the primary near‑term reason for investor selling pressure. MarketBeat earnings
• Negative Sentiment: Guidance flagged conservatism: FY‑2026 revenue guidance was set at roughly $650M–$700M (street consensus ~ $676M), which some investors read as a below‑expectations midpoint and contributed to downside reaction. Investing.com
• Negative Sentiment: Analyst and media coverage emphasizing the miss (Zacks, WTOP, Seeking Alpha transcripts) amplified selling; investors focused on negative margins and ROE metrics cited in filings. Zacks

About Civeo

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.